News: History of applied economics: now what?

33 days ago - History of Economics Playground

  There is a “tendency to neglect applied economics in writing the history of economic thought,” Roger Backhouse and Jeff Biddle remarked in 2000. They then f...

News: Household Leveraging and Deleveraging -- by Alejandro Justiniano, Giorgio E. Primiceri, Andrea Tambalotti

43 days ago - National Bureau of Economic Research Working Papers

U.S. households' debt skyrocketed between 2000 and 2007, and has been falling since. This leveraging (and deleveraging) cycle cannot be accounted for by the liberalization, an...

Blog: What you can learn from DSGE

The Physics of Finance 46 days ago

News: Incidence and Environmental Effects of Distortionary Subsidies -- by Garth Heutel, David L. Kelly

50 days ago - National Bureau of Economic Research Working Papers

Government policies that are not intended to address environmental concerns can nonetheless distort prices and affect firms' emissions. We present an analytical general equil...

News: Can a Unilateral Carbon Tax Reduce Emissions Elsewhere? -- by Joshua Elliott, Don Fullerton

64 days ago - National Bureau of Economic Research Working Papers

One country that tries to reduce greenhouse gas emissions may fear that other countries get a competitive advantage and increase emissions ("leakage"). Estimates from computa...

Blog: Profiting from Monetary Policy: Investing through the Business Cycle - An interview with Thomas Aubrey

MoneyScience 68 days ago

News: A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters -- by Pascal Michaillat, Emmanuel Saez

85 days ago - National Bureau of Economic Research Working Papers

This paper presents a parsimonious equilibrium business cycle model with trade frictions in the product and labor markets. The model features unemployment and unsold productio...

News: International Prices and Exchange Rates -- by Ariel Burstein, Gita Gopinath

85 days ago - National Bureau of Economic Research Working Papers

We survey the recent empirical and theoretical developments in the literature on the relation between prices and exchange rates. After updating some of the major findings in t...

News: Education Policy and Intergenerational Transfers in Equilibrium -- by Brant Abbott, Giovanni Gallipoli, Costas Meghir, Giovanni L. Violante

99 days ago - National Bureau of Economic Research Working Papers

This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generation...

News: 2013-02: Financing Constraints, Firm Dynamics, and International Trade

123 days ago - FRB Finance and Economics Discussion Series Working Papers

Stephane Verani and Till Gross. There is growing empirical support for the conjecture that access to credit is an important determinant of firms' export decisions. We study a ...